Professional Client

An investor that is able to meet several regulatory criteria.

A tax deduction made at the source of the payment.

The highest, or lowest, price a share has traded at in a passing year.

The quoted price of a gilt, which excludes accrued interest

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.

The money you pay when investing.

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).

A measure of how much the prices of an asset or index vary over time.

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.